Question
Which of the following statements about graphs of
short-run cost curves is false?Solution
Statement b is false, because the SMC and MVC curves actually coincide. MVC shows the change in a firm's total variable cost if its output changes by one unit, while SMC shows the change in its short-run total cost if its output changes by one unit. Now, in the short-run, if a firm changes its output by one unit, it can change the quantity of the variable inputs it uses but not the quantity of the fixed inputs, so the change in its total cost equals the change in the cost of its variable inputs.
Seven friends, A, E, I, O, U, X and Z are sitting around a round table facing towards the center. A is neighbor of E and I. O is not neighbor of I and Z...
R – S * T + C % F, what is the shortest distance between R and T, T and F respectively?
What is the code for ‘plus’ in the given coded language?
Select the option in which the words share the same relationship as that shared by the given pair of words.
Cat : Mew :: ?
What is the code for ‘ right it plus ’?
G % B * S + U % R, what is the direction of G with respect to U?
In a row of girls Sangeeta is 8th from the right and Kamla is 20th from the left. When Sangeeta and Kamla Interchange position, Ka...
Which of the following expression is correct where X is to the north east of T?
 In a certain code language ‘DAVID’ is written as ‘BEVEJ’ and ‘TONIC’ is written as ‘PUNDJ’. How is ‘THIEVES’ written in that code?...
